2940 Ruby Blvd, Indianapolis, IN, 46268 | $823/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2940 Ruby Blvd, Indianapolis, IN, 46268 | $823/mo Cash Flow | Ziffy

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Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Indianapolis at 2940 Ruby Blvd, Indianapolis, IN, 46268 earns $823/mo cash flow from $2,623/mo rent with a $1,468/mo payment. Total monthly income totals $2,623/mo, and annual cash flow totals $9,870/yr on $99,450 capital. ROI tracks 29.83% on current figures, and rental yield reads 10.49% at a $300,000 purchase. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 over five years. Five-year ROI reaches 155.84% and total cumulative return in cash sums $154,980. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,623/mo property income instead of your personal income.

Single Family

Built in 2023

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 2940 Ruby Blvd, Indianapolis! Built in 2024, this modern two-story home offers 2,238 square feet of living space designed for today's lifestyle. With 4 bedrooms, 2.5 bathrooms, and multiple versatile living areas, it's the perfect blend of style, space, and functionality. Step inside and you're greeted by an open floor plan that seamlessly connects the kitchen, dining, and living areas - ideal for both everyday living and entertaining. The expansive kitchen is a true showstopper, featuring shaker-style cabinetry, stainless steel appliances, a large island, and breakfast bar seating. Upstairs, a spacious loft provides a flexible second living space, while the private home office on the main floor makes working from home a breeze. The primary suite is a retreat of its own, complete with a walk-in closet and a luxurious ensuite bath featuring dual vanities. Out back, enjoy evenings on the oversized deck, perfect for grilling, dining, or simply unwinding. The outdoor living space offers the perfect balance of privacy and room to host friends and family. This property also features a two-car garage, modern finishes throughout, and a location that combines neighborhood living with convenient access to city amenities. This home delivers contemporary comfort, functional design, and everyday convenience - all in one well-maintained home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46268, Indianapolis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,785 (100%)
Owner Occupied HU	5,780 (45.2%)
Renter Occupied HU	6,292 (49.2%)
Vacant Housing Units	713 ( 5.6%)
Median Home Value	$245,536
Average Home Value	$279,210